eight european banks failed stress tests for a worst case economic scenario with clouds threatening to rain down on the euro when the current financial storm. damage. rupert murdoch says sorry for the phone hacking by the news of the world as his media empire built on sleaze and scandal tries to stave off self-destruction. preparation work is underway to lift a russian cruiser from the bottom of the volga river aimed at shedding more light on why the vessel went down with around one hundred thirty five.

the operation to raise the sunken boat gary has begun hopefully providing answers to grieving relatives and investigators to bring you all the details from the recovery site in just a moment. could have you with this is r.t. coming to live from the russian capital b. twenty four hours a day eight out of ninety eight european banks have failed stress tests designed to determine whether they fall in the event of another crisis and majority of those are in spain the country fair to be next in line for they want on friday it's only past seventy billion euro worth accounts to fend off its own spiralling that result the sort of first reports the euro fairy tale seems to be moving closer to collapse . as the crowds gather a graph in the uk will continue down times keep now life ahead of.

everybody here. as for the future if you think countries like italy looking on increasingly unstable grounds can the year i write out the play natural still this is really something quite frightening if indeed it only really goes into big trouble on the financial markets this is certainly a totally new face of this euro crisis. the mention here a fairy tale with all too appealing countries chipped they didn't sell through bites of the g.s.t. apple now nenni a letter of quest saying taking the bait with that amount was. not bad i mean. after more than a decade of great businesses like badasses they've been hit hard but this center shopping street in athens is still bustling the problems with the economy means

that many businesses here in greece percent think on. killing the year in many european prices many of the members with we could colonies it didn't mean european wages if one fought spam out after another year of skeptics he wanted data from the start they have become the unlikely heroes in this tale just who the hell do you think you keep all our you are very very dangerous people indeed your obsession with creating this euro state means that you're happy to destroy democracy you appear to be happy for millions and millions of people to be unemployed and to be poor untold millions so that your euro dream could continue if you rob people of their identity you drop a bit of ocracy but they are left with peace nationalism and by those countries are now waking up to the reality of the nightmare that says the euro is a political prison for poor countries such as greece and spain and they need to

remember. rated for that prison recreate their own currencies have devaluation make their exports cheaper make it easier for tourists to visit their countries and they'll get back on their feet greece. portugal italy spain germany continue to topple the year. happily ever after. i see. well fears of a looming fearful it is forcing e.u. governments to cut spending a british union leader says people refuse to suffer for something then not responsible for later markets of what curt tells us how he thinks governments will be made to listen once hundreds of thousands strike back. the idea is to build pressure so the government realise the working people the length and breadth of the u.k. i'm not just going to let them get away with what they're doing and we believe that pressure ultimately can force them to change direction the point is to change their

mind and saying you won't just when they're having a chat with a few people in a room is one thing so you want to go when there could be millions of people taking strike action is entirely another and we actually believe that the six million trade unionists plus the thousands and thousands or hundreds of thousands of pensioners and students all becoming a joint campaign is going to be politically very powerful. and you can watch the full interview with british trade union leader mark survive in just twenty minutes from now here on r.t. . and i mean one on the other side of the atlantic present a bomber's one the u.s. is quickly running out of time to deal with its own financial troubles congress must raise the current fourteen point three trillion dollars debt ceiling but i am reserving the parties to ignore political differences and avert armageddon economy economics professor roderick trembly believes a deal would be struck on the debt limit will once again go up. the united states

is not in the same position as any other country this is the country currencies use internationally and therefore only can afford to print more dollars than the ural can only under currency but that debt level is very high the raise the debt ceiling each year they will be raised because the president obama has a tradition of caving in to the demands of the republicans it did he did it twice before so did republicans. expecting that he would do the same it would take the fall a few days or a few hours before the deadline of august second record be a similar situation as that happened in one thousand nine hundred four when the representative in which closed the government for a few days ocean if you are nearly two weeks this held very much to

president clinton a bad time to be re-elected in one thousand nine hundred six that's what president obama is hoping that the republicans will be a sore extremist than they in two thousand and twelve next year he may be re-elected. here with r t live here in moscow still ahead for you this hour love all of labor india's hard work ethic is the driving force behind the country's economic success leaving western countries like india. and from a russian orphanage to pull thing prodigy reported a young man's latest challenge of trying to trace is simply. a story still to come but first rupert murdoch has made a public apology for the phone hacking scandal that he called serious wrongdoing by the news of the world is rapidly losing our eyes on both sides of the atlantic with his company under pressure from all angles and journalist action returns he told me a little earlier of help some people are set to benefit from the meltdown at murdoch's media empire the political classes here finally feel freed up for the

first time in decades and decades so i do think. we're local particularly work where everyone is watching for tuesday's committee where rupert murdoch and his son james will appear so it'll be interesting to see that i think we should remember the prime minister here and we probably know today because it's saturday said the truth is we've all been in this together the press politicians and leaders of all parties and yes that includes me very sorry and i mean for democracy in this country and coming through there i suppose one could say that it was multinationals who are using murdoch in a way so they're lobbying rupert murdoch gets the big companies big not you have children for what seem to get things done by helping m.p.'s behind me perhaps not as bad as in washington but i don't think it's the end of outside influences outside undemocratic forces as regards influences on the parliamentarians behind me it is interesting that he owned these newspapers and they always say rupert murdoch

loves newspapers he basically had newspapers so that he could manipulate concerns over his broadcast interests which actually did make money unlike newspapers newspapers are just tools of war he has got to. out there he probably a lot of ammunition to go back at them though thanks to all those journalists who spent their time. looking at sex scandals really you know that lots of friends wanted but it looks as some m.p.'s have it i believe a bill that he has the right to own any form of media in this country the united states because that's where it gets really interesting the democratic party in congress is a full party doesn't really have anything any hope left now that president obama has destroyed his reputation warmongering and his sort of reaganite economic policies as he deals with the deficit the democrats have nothing much to do but they all hate one particular influential cable channel four news and i'm hearing

that if if the nine eleven victims have been hacked by subsidiaries or for news corp then fox news is finished it took it took the most curious cases of hacking rather than any kind of regulatory body to be able to get murdoch to finally. finally overthrow him as it were is an amazing story we'll be. looking for the hollywood blockbuster. despite the scandal in the u.k. there remains a strong demand for gulf of journalism in the united states drawn in by hard hitting headlines and scarlet scoops readers are still buying it in huge numbers and the stars of chicken now reports sex drugs cheating and lights. flashing dirty laundry. and crime stories almost beyond human imagination. all this is served on a platter and sold for

a couple of quarters by tabloids headless man in topless bar or something. in the freezer. i thought it veteran journalist michael musto is one of millions falling for the bait of catchy headlines even though he knows the business inside out in america we don't break the law per se but they do have sleazy tactics i mean they will slap a story they probably make up sources i mean when you read them a source. of a source said well who is that. they can just make up the quote themselves joe smith from queen said blah blah blah a lot of times i feel they're just inventing these quotes to back up the thesis of the story fascination with scandal is almost religiously observed in the u.s. and great britain we are both countries in both media environments where gossip sells and there's a tremendous interest in celebrity both countries are of course after rupert murdoch's news of the world newspaper phone hacking shocker broke in london his

empire stretches far and wide across the u.s. as well let's not forget he owns the new york post the wall street journal and the daily at a protest outside murdoch's big apple pad protesters demanded an investigation into this publication that whole we know what murdoch does in england because he was caught and we want congress to investigate what he's doing here in the united states we don't know if newspapers are acting other people in this country yet i see no reason to put it past them so how far from potential public embarrassment do american newspapers stand by the ones that are owned by rupert murdoch without question the new york post. is one of the most hideous deceitful. tools of criminals that there could be when it comes to getting scandal sold in the us counting on the readers short attention span is a common publishing trick jennifer aniston brad pitt has gotten together about forty two times so far this year and i haven't seen them photographed together

since two thousand and six they're able to keep selling and repackaging the same story that isn't even a story no publication what it means to paying for. probation but that's also often a technicality what a lot of names three news publications can get away with doing is even though they won't explicitly give someone money in exchange for an interview someone might set up a terrible organization and then the news will happen to donate twenty thousand dollars to that charitable organization the culture of some fictional is in the process of putting it into true of journalism on the line the anglo-american style is trashy it's right bald there's just sort of this snickering tone is very american and you know we're a juvenile society where young society i don't really know what their roots excuses i mean they've been around a long time but hey we blame it on because we're their children while some will always remain fascinated by tabloids as continue to sell others have reached a breaking point i don't have that great of a sense of what happens in britain but i know it's pretty bad here and there are

a lot of people who are really upset about the culture news in america and just a little information seems to get out in between all the gossip the press has to be vigilant and in the united states the press has fallen asleep and party new york. well newspaper gossip columns have become a reading habit for millions of people and laurie hoffman is tasks new york is white digging around for sleaze seems to be taking over the news. how did tabloid journalism become so influential and so popular in today's world this week let's talk about that i mean people like to read about other people's business. you know. newspapers have to try to compete with the internet. with up to date you know. dirt i think it's absolute trash

there's no space in this world for it all i hope will go under but they're not going under they're increasing in power i don't believe that this is going to be the biggest takedown ever rupert murdoch is going down i think it's more of a pop culture based audience and so the journalists kind of cater to that and in turn it's kind of fun for them cities secret detectives isn't it terrible i mean it might be fun but it's still criminal acts it's horrible i hate journalists you know whatever that whatever it takes to get the story whoever they want you know do you do you have that attitude at your job no not at all so what makes journalists actual they're not special there are the opposite of special they have no scruples we have of them are true because. people. you know if they like to and we have a right. to him. that's not what journalism's has to pay what's true but

never believe the media's. if you're just going to keep getting worse probably do you think journalism like bad is bound to spread around the world and become as rampant as it is the britain i do unfortunately and it really is a journalism i mean there is no logical reason for your garbage the bottom line is that if the rampant popularity of tabloid journalism in the u.k. is any indication the rest of the world people. pair for their own general to get a lot. of. special floating cranes are preparing to lift the doomed ship which sank in russia's volga river last sunday the search operation for fifteen missing passengers continues in the area and on nearby islands two hundred eight people who are on the cruise are one hundred fourteen have been confirmed dead twenty eight of them children or partners on board one of the ships watching the recovery efforts

the two enormous cranes behind me have begun the process of lowering two cables which will then be threaded underneath the ship and used to write it is currently leaving on its left side divers will then be able to go under to check for any of the remaining fifteen bodies that are yet to be found the shores are also being searched for any of those bodies and they'd also be able to search for potential damage caused to the bog area to sink they will eventually find that damage as the ship is ready to be raised and not have to seal a sense leave the hole to let all the water in and any other holes and then all the water inside the bulgarian will be able to be pumped out making it's light enough to be raised the divers though i've got a difficult task ahead of them with me is. he's from the emergencies ministry under a could you just tell us a bit about the conditions that the divers are working in. divers

are currently working on the river bed but it's really difficult because of crew visibility basically you can't see anything even if it's right in front of you that's why the divers are preparing to lift the ship up there purely evil to see what they're doing obviously this operation now everyone is waiting especially the relatives on the banks people who have yet to to hear from those fifteen will be desperate for news of what has happened to their loved ones and increasingly investigators want to know what caused this ship to sink and sink so fast causing so much tragedy. and if you've missed anything we're covering here on screen you can head to our teeth dot com here's what else you'll find on the web site at the moment should you look on us artemis them on the net so torture has emerges that you're in a cold war america trained interrogators abuse their brutal methods at home and abroad. the ukrainian man launches on a wild experiments planning to spend over months living with

a family of lions well blogging about his experience and find out what he's planning to achieve it all to dot com plus check out all of the best videos on you tube channel. is easy to. download the official all see allocation giong phone called touch from the top story. the law is on the go. video on demand our keys mine. and r.s.s.

feeds now in the palm of your. question on the call. if you want to achieve your dreams you've got to be ready to work for them that's what indian people are doing in their droves and it seems staying at work longer than their western counterparts is paying off. well but away and to reveal the reality of life in the new delhi rat race. it's a busy city with busy people india is a rising economic locomotive still what's the driving force behind it success it could very well be that people like you and can now. are co-directors of a small one import company called divine and is indians have developed a strong liking for french and spanish language is young men are working overtime to fill their glasses you have to be very flexible with your working hours of. interviews were globalization and because of our you know you are interacting with so many people from abroad especially america or you know europe so. we can keep

expanding is where we can say we're only going to work from nine to five but people in britain for example can do say that seven spent years working as a business consultant in the u.k. and he says brits watch that clock closely in britain people leave a five o'clock. because i go to trains or catch work for many years in britain and you're there is that some people don't work in britain people don't work weekends it's changing a little bit now particularly in periods of economic recession. but generally it's a monday to friday as recently as just two years ago india had a six day long week the government has put in stricter regulations regarding labor hours but that doesn't stop people from spending more time in the office than needed. the most significant difference between the kind of work culture in india

and in britain is the pressure people are under to work above and beyond their contracted hours. everyone will do this. respective of really if there's work to be done if there is a small enterprise to run then all figuration is go out of the window if sacrifices equal success then you have to make them i wouldn't really for seven. working i work on sunday. i'm in office because. of being organized so i thought of. it as normal. but may seem a fine example of did occasionally actually be a drawback in the office environment i think people are expected to do the job two or three people. even though the contract with those might say one thing which isn't always such a good thing because if it works such long hours it's going to affect your performance while europe and the u.s. spend their money on fighting wars and their time on trying to figure out

a way to get out of economic slump india is busy getting things done the indian way the oregon issue is probably the most popular god in the entire hindu pantheon in india is supposed to bring prosperity and success to those who worship him but the success of indian businessmen should not be attributed to the divine help alone ninety five working hours just don't cut it here in the hospital hours of hard labor but at the end all of that hard work pays off in those new delhi. now to some international news in brief we're covering today in our world update in vienna thousands of mourners have joined the imperial style funeral of the last after the austria-hungary an empire people gathered to pay tribute to crown prince or to von trapps birth of the son of austria's last emperor european royals and political leaders were in attendance prince habs book died earlier this month at the age of ninety eight has been buried in the imperial crypt. despite warnings

from china u.s. president barack obama has held a private meeting with the exiled tibetan spiritual leader the dalai lama the chinese government earlier called on the united states to cancel the talks saying it would damage relations between the country's leaders are expected to scaf the that island as hopes for tibet to thomas and china has accused them of pushing for full tibetan independence. and is one of president hugo chavez is to return to cuba for more cancer treatment including chemotherapy he's just been given approval from the national assembly for the trip as required by the constitution which i was returned to venezuela after spending nearly a month in cuba where he had to choose from his poll that region removed his battle with cancer has raised doubts over his fitness to lead the country but officially he still plans to run for election next year. syrian opposition members have been holding meetings in damascus and istanbul to discuss ways of else thing president assad this comes after a massive nationwide protest rocked the country on friday evening at least thirty three people dead hundreds of thousands of anti-government demonstrators poured

into the streets of the capital and other cities before facing a crackdown by security forces the government is not a national dialogue the protesters at the money president assad steps down. he's a russian born goal prodigy had his chance in the game up to being adopted by american parents because like a lecky his biggest challenge isn't finding form on the fairways but finding the family he left behind back home marty's eagle has the story. he might have a smoother swing but from the outside nicholai looks no different than a pampered junior players and this hyper exclusive moscow golf club but this couldn't be further from the truth nikolai come unless he was an eleven year old often when he was adopted by an american family you can never say that life is easy and basically they're the they make you feel like it's nothing you're nothing to me when i came to the united states i had a lot of problems emotionally he's an incredible young man he is someone who has

taken on many challenges in his life and he's always overcome then came the gulf one day i just saw my desk being in a golf club in a backyard. with a seven iron i don't remember exactly but i had no idea what it was i just was a piece of metal and i asked him what it was and he told me was gone and then he asked me that he said you want to he didn't want to try but i tried it and i had it straight. and he said you're playing. sports making headway in sport because one thing nicholai could not get. when he moved to the united states nikolai was separated from his younger sister and brother i'm lost track of them he rejected several sports scholarship offers at top u.s. colleges to play for the russian national golf team so you could search for his siblings. this year during a talk junior tournament held news about his sister my whole life. my dad and we have paid a lot of money to different companies to try to find her and then i met family. and

they found there in less than two weeks so to me i never thought i was ever going to see her again. reunited at last nicholai sister understood here was never adopted she's about to graduate from a school in southern russia. when i heard about my brother and i thought it was a prank my friend played on me i don't remember my show. they're going to become close again she just i'm going to buy her a computer so that we can talk to each other all the time so that we never going to see her again but when you put it earlier back in moscow nikolai has won the prestigious series tournament and will compete against europe's top young players later this year but he says now his priority is finding his brother we can only wish nicholai the best in his dream to become a professional golfer what he's had to overcome whatever happens next he's already

a winner. moscow. i'll be back over the summer khomeini's stories in about three minutes from now the meantime the oscar british trade union leader what workers should do in the face solve the austerity measures and tax hikes opposed upon them as i said i will be just all to recap of our top story stay with us for the.

hungry for the full story we've got it first the biggest issues get the human voice face to face with the news makers. wealthy british style. that's not on the back of. the. markets why not. why not what's really happening to the global economy is cause a report on r g.